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He said China firmly opposes this and hopes that the US w

Reportedly, the United States administration is considering extending its attacks on

Chinese companies by blacklisting China’s largest surveillance equipment manufacturer Hikvision.

If so, Hikvision — which has about 20 percent of the global market share and has been the

leading player in the industry for seven consecutive years — will become the fourth Chinese company Wa

shington has targeted after the telecommunications companies ZTE and Huawei, and drone maker DJI.

Unlike the previous three companies, which the US administrat

ion has justified the attacks on with the excuse 2019/05/22/shangjianxiachuicn-3/it is protecting national security, the premise for

setting its sights on Hikvision, which serves customers in more than 150 countries, including the US, is t

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He said through the SAR government’s efforts and a ratio

onal discussion among the people of

Hong Kong, the city will eventually reach a consensus and any doubts over the issue will be dispelled.

Han, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Comm

ittee, hoped that all sectors in Hong Kong will work together to safeguard the image of the city’s rule of law.

The SAR government proposed to amend its Fugitive Offenders Ordinance and Mutual Legal Assista

nce in Criminal Matters Ordinance in March. The proposed amendments will allow Hong Kon

g to surrender fugitive offenders to jurisdictions with which it does not currently have extradition arrangements on

a case-by-case basis, with prior approval from the chief executive before an application is submitted to the courts.

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Liu, who turned himself in, stepped down in Janua

ary as chairman of the China Securities Regulatory Commission, a position he kept for three years before being replaced by Yi Huiman.

The central commission said in the statement that Liu is cooperating with the probe.

hina’s housing regulator has warned four Chinese cities over price rises in the past three months, the Economic Observer reported.

Local governments of Foshan, Suzhou, Dalian and Nanning were urged by the Ministr

y of Housing and Urban-Rural Development to stabilize land and housing prices as well as market expectations.

This came a month after six other cities were also warned over similar reasons on April 19.

www.shangjianxiachui.cn

Moreover, Washington has forbidden US companie

 to sell chips to ZTE, a Chinese multinational telecommunications equipment and

systems company, even after imposing huge fines on the company. By so doing, the US has act

ually encouraged China to increase investment in its high-tech sector. So, even if China and the US were to strike a de

al, China would be prompted to import lower volumes of energy and agricultural products from the US.

In macroeconomic terms, the China-US trade dispute has added h

uge uncertainties to the US economy and raised the likelihood of recession. Which cou

ld thwart the US president’s chances of being re-elected in 2020. And the trade dispute c

ould prevent the US from taking the measures it intends to in order to consolidate its national power.

Love-u.cc

es it a large exporter of manufactured goods to the US and

Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco

nomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a situa

tion, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.

To make up for the increasing savings gap, the US needs to introduce and use more foreign ca

pital, which will further enlarge the trade deficit. Therefore, the US cannot simultaneously maintain a high g

rowth rate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.

What is really questionable is that, despite its contempt for over-regulation of the economy, the US administration has been tryi

ng to impose regulations on international trade, even for its trade partners’ domestic economic management.

shejio.org

China has exercised great restraint and goodwill in

trying to maintain stable relations with the US,” he said.

Li Haidong, a professor of US studies at China Foreign Affairs Universi

ty, said Washington has pushed a hard line in relations with Beijing in recent years.

“The Taiwan question is much more complicated and nonnegotiable,” Li said.

“If the US side continues to misinterpret the one-­China policy, it will irreparably damage Sino­-US ties,” he warned.

The US Senate will have to vote on the act before it can become law. The time of the vote is unknown.

“The consensus among US officials is to be tough on China, and room for rational option

s is rapidly shrinking as overconfidence and rash actions become the new norm,” he said.

khlee.com.cn

Core technologies to better drive digital shiftShijia and Hu

More efforts are needed to make breakthroughs in core technologies, advance infor

mation infrastructure construction and provide further impetus to the digital transformation of ind

ustries, said a senior official at the Second Digital China Summit, which opened in Fuzhou, Fujian province, on Monday.

Huang Kunming, a member of the Political Bureau of the Communist Party of China Central Committee and head of the Pu

blicity Department of the CPC Central Committee, called for more work to accelerate the research and de

velopment of 5G, as well as promote the building and application of the Beidou Navigation Satellite System.

Huang said achieving breakthroughs in core technologies should be the top pri

ority, with innovation fully pursued and intellectual property rights better protected.

uozyxg.cn

And, despite ongoing tensions, the total value of impo

orts and exports rebounded sharply in March, reaching 9.6 percent higher than March 2018. S

o, overall trade grew by 3.7 percent year-on-year in the quarter despite low growth rates in January and Febru

ary. Exports of electrical and mechanical products, which are higher value added, grew by 5.4 percent in the qua

rter. And, private sector trade grew 9.9 percent, far more than the overall growth rate.

I am worried to see that total investment in real estate grew by 11.8 per

cent year-on-year. Having lived through the 2008 finan

cial crisis in the United States, I’m wary of continued high investment in real estate in a time when property prices are al

ready astonishingly high and China’s living space per person has already surpassed that in Europe.

The bottom line is that fiscal and monetary policies combined with policies to promote structural transformation have

achieved a stable macroeconomic situation and steady movement toward supply side upgrading.

12xe6.cn

rime scene officials inspect the explosion area at Shangri-La

Of the dead in the blasts, there are 35 foreigners, the police confirmed. Hospital sources

had earlier said nine foreigners were among those killed while 13 others have been injured.

Airline says flights continue despite curfew

SriLankan Airlines is telling passengers boo

ked on flights out of the country that they will be able to fly despite the curfew imposed.

The carrier says in a statement that travelers on all airlines operating out of Bandaranai

ke International Airport can access the airport by showing their tickets and passports at checkpoints.

The airline says security has been tightened at the airp

ort, and it advises passengers to arrive four hours before their scheduled flights.

Both Sri Lankan President Maithripala Sirisena and Prime Mi

nister Ranil Wickremesinghe have condemned the attacks and appealed for calm.

Prime Minister Ranil Wickremesinghe said t

he tri-forces and the police are conducting a thorough probe into the explosions.

In a special statement, the police urged the publi

c to stay indoors and not gather at the explosion sites which had been sealed off.

www.zzyosj.cn

Remaining poverty alleviation tasks are quite arduou

s, and government departments must make continuous efforts to ensure tasks are completed. Off

icials of poverty-stricken counties must keep a close eye on problems to ensure people can escape poverty.

The Party’s publicity work was also discussed. It’s the top political task to learn and publi

cize Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the statement said. A

ll Party committees must pay great attention to publicity work and ensure the implementation of regulations.

A draft amendment to the Securities Law was submitted Saturday to a bimonthly session of

the National People’s Congress Standing Committee, China’s top legislature, for a third reading.

The latest revisions to the law include rules on the newly-devised science and technol

ogy innovation board, which will pilot a registration-based initial public offering (IPO) system.

Under the current IPO system, new shares are subject to approval from the China Securities Regulatory Commission before being listed.

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